Tearsheet

Trustmark (TRMK)

Market Price (4/7/2026): $43.08 | Market Cap: $2.6 Bil
Sector: Financials | Industry: Regional Banks

Trustmark (TRMK)

Market Price (4/7/2026): $43.08
Market Cap: $2.6 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 8.7%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -70%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.

Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%

Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%

Key risks
TRMK key risks include [1] its vulnerability to regional economic downturns due to a specific focus on the Southeast and [2] potentially lagging behind larger competitors in digital transformation and scale.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 8.7%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -70%
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%
4	Low stock price volatility Vol 12M is 26%
5	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments. Themes include Digital Payments, Online Banking & Lending, and Wealth Management Technology.
6	Trading close to highs Dist 52W High is -3.3%, Dist 3Y High is -3.3%
7	Moderate capital ratio Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%
8	Key risks TRMK key risks include [1] its vulnerability to regional economic downturns due to a specific focus on the Southeast and [2] potentially lagging behind larger competitors in digital transformation and scale.

Valuation, Metrics & Events

	4/7/26	2025	2024	2023	2022
Share Price CYE	$43.08	$34.49	$28.11	$24.70	$30.39
Market Cap CYE ($ Bil)	2.6	2.1	1.7	1.5	1.9
Total Debt ($ Bil)	0.5	0.6	0.7	1.7	0.3
Total Cash ($ Bil)	0.7	0.6	0.6	1.3	1.9
Enterprise Value ($ Bil)	2.4	2.7	2.4	3.2	2.2
Valuation Ratios
P/S TTM	3.7	4.4	2.9	2.6	3.5
P/EBIT TTM	-	-	-	-	-
P/E TTM	11.5	8.9	11.0	16.2	15.0
P/FCF TTM	11.5	9.0	17.2	7.9	6.3
Sector Ratios
P/S TTM (Sector)	3.1	2.9	2.7	2.4	3.3
P/EBIT TTM (Sector)	6.6	8.2	7.4	7.1	7.1
P/E TTM (Sector)	11.1	11.1	9.7	8.4	10.0
P/FCF TTM (Sector)	8.3	8.5	7.6	6.0	7.6

	4/7/26	2025	2024
Share Price CYE	$43.08	$34.49	$28.11
Market Cap CYE ($ Bil)	2.6	2.1	1.7
Total Debt ($ Bil)	0.5	0.6	0.7
Total Cash ($ Bil)	0.7	0.6	0.6
Enterprise Value ($ Bil)	2.4	2.7	2.4
Valuation Ratios
P/S TTM	3.7	4.4	2.9
P/EBIT TTM	-	-	-
P/E TTM	11.5	8.9	11.0
P/FCF TTM	11.5	9.0	17.2
Sector Ratios
P/S TTM (Sector)	3.1	2.9	2.7
P/EBIT TTM (Sector)	6.6	8.2	7.4
P/E TTM (Sector)	11.1	11.1	9.7
P/FCF TTM (Sector)	8.3	8.5	7.6

	TRMK	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.7
Rev Chg Q	3.9%	7.4%
Rev Chg LTM	50.7%	6.8%
Rev Chg 3Y Avg	12.9%	5.7%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.2
CFO/Rev LTM	35.5%	20.7%
Net Inc Mgn	32.6%	12.8%
VALUATION	LOW
P/S	3.7	3.2
P/CFO	10.5	15.3
P/FCF	11.5	19.9
P/E	11.5	24.0

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Metric	Value	Date	Source
Assets under management and administration	$9.4 billion	12312024	Link
Brokerage assets	$2.6 billion	12312024	Link
Net Interest Margin	3.51%	12312024	Link
Tangible equity to tangible assets ratio	9.13%	12312024	Link
Total risk-based capital ratio	13.97%	12312024	Link
Efficiency Ratio	63.8%	6302024	Link
Net (recoveries) charge-offs / average loans	0.1%	6302024	Link
Noninterest-bearing deposits to total deposits	20.4%	6302024	Link
Loans HFI to total deposits	85.1%	6302024	Link
CET1 ratio	10.92%	6302024	Link

Upcoming
4/28/2026	Earnings Release	Rev: $204 Mil (E) EPS: $0.88 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Trustmark (TRMK) stock has gained about 10% since 12/31/2025 because of the following key factors:

1. Strong Fourth Quarter 2025 Financial Results: Trustmark reported diluted earnings per share (EPS) of $0.97 for Q4 2025, surpassing analysts' consensus estimates of $0.91 by $0.06. The company also exceeded revenue expectations, reporting $209.44 million against an estimated $207.05 million. This positive earnings surprise contributed to a 1.34% increase in premarket trading following the announcement.

2. Enhanced Shareholder Returns through Dividends and Repurchases: Trustmark demonstrated a commitment to returning value to shareholders by increasing its quarterly dividend by 4.2% to $0.25 per share. Furthermore, the company authorized a new stock repurchase program allowing for the buyback of up to $100 million of its common shares for 2026, following an $80 million repurchase in 2025.

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Stock Movement Drivers

Fundamental Drivers

The 11.3% change in TRMK stock from 12/31/2025 to 4/6/2026 was primarily driven by a 9.4% change in the company's P/E Multiple.

(LTM values as of)	12312025	4062026	Change
Stock Price ($)	38.73	43.09	11.3%
Change Contribution By:
Total Revenues ($ Mil)	680	687	1.0%
Net Income Margin (%)	32.7%	32.6%	-0.3%
P/E Multiple	10.5	11.5	9.4%
Shares Outstanding (Mil)	60	60	1.0%
Cumulative Contribution			11.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/6/2026

	Return	Correlation
TRMK	11.3%
Market (SPY)	-5.4%	43.6%
Sector (XLF)	-8.9%	62.6%

Fundamental Drivers

The 10.1% change in TRMK stock from 9/30/2025 to 4/6/2026 was primarily driven by a 5.3% change in the company's P/E Multiple.

(LTM values as of)	9302025	4062026	Change
Stock Price ($)	39.13	43.09	10.1%
Change Contribution By:
Total Revenues ($ Mil)	673	687	2.0%
Net Income Margin (%)	32.3%	32.6%	1.2%
P/E Multiple	10.9	11.5	5.3%
Shares Outstanding (Mil)	60	60	1.3%
Cumulative Contribution			10.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/6/2026

	Return	Correlation
TRMK	10.1%
Market (SPY)	-2.9%	45.2%
Sector (XLF)	-7.1%	66.4%

Fundamental Drivers

The 28.1% change in TRMK stock from 3/31/2025 to 4/6/2026 was primarily driven by a 50.7% change in the company's Total Revenues ($ Mil).

(LTM values as of)	3312025	4062026	Change
Stock Price ($)	33.65	43.09	28.1%
Change Contribution By:
Total Revenues ($ Mil)	455	687	50.7%
Net Income Margin (%)	49.0%	32.6%	-33.3%
P/E Multiple	9.2	11.5	24.5%
Shares Outstanding (Mil)	61	60	2.4%
Cumulative Contribution			28.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/6/2026

	Return	Correlation
TRMK	28.1%
Market (SPY)	16.3%	60.8%
Sector (XLF)	1.2%	71.7%

Fundamental Drivers

The 91.1% change in TRMK stock from 3/31/2023 to 4/6/2026 was primarily driven by a 143.5% change in the company's Net Income Margin (%).

(LTM values as of)	3312023	4062026	Change
Stock Price ($)	22.55	43.09	91.1%
Change Contribution By:
Total Revenues ($ Mil)	536	687	28.0%
Net Income Margin (%)	13.4%	32.6%	143.5%
P/E Multiple	19.1	11.5	-40.0%
Shares Outstanding (Mil)	61	60	2.1%
Cumulative Contribution			91.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/6/2026

	Return	Correlation
TRMK	91.1%
Market (SPY)	63.3%	50.2%
Sector (XLF)	62.0%	66.4%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
TRMK Return	22%	11%	-17%	31%	13%	10%	82%
Peers Return	34%	14%	-12%	25%	16%	-1%	93%
S&P 500 Return	27%	-19%	24%	23%	16%	-4%	75%
Monthly Win Rates [3]
TRMK Win Rate	58%	50%	42%	58%	58%	75%
Peers Win Rate	71%	52%	48%	58%	60%	45%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
TRMK Max Drawdown	-1%	-16%	-43%	-8%	-12%	0%
Peers Max Drawdown	-1%	-14%	-40%	-11%	-19%	-7%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: RF, HWC, PNFP, FHN, RNST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/6/2026 (YTD)

How Low Can It Go

Unique Key	Event	TRMK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-49.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	98.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	378 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-41.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	71.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	170 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-25.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	34.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	130 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-55.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	126.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	3,048 days	1,480 days

Compare to RF, HWC, PNFP, FHN, RNST

In The Past

Trustmark's stock fell -49.6% during the 2022 Inflation Shock from a high on 11/10/2022. A -49.6% loss requires a 98.2% gain to breakeven.

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About Trustmark (TRMK)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services. The company also provides mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing. In addition, it provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management services. Further, the company offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers. As of December 31, 2021, it operated 167 full-service branches and 13 limited service branches; and 198 automated teller machines and 69 interactive teller machines. The company was founded in 1889 and is headquartered in Jackson, Mississippi.

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Here are 1-3 brief analogies for Trustmark (TRMK):

It's like a regional Truist or PNC, offering a broad suite of banking, wealth management, and insurance services.
Imagine a smaller U.S. Bank that serves a regional market with traditional banking, wealth management, and insurance products.

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Trustmark (TRMK) offers a range of financial products and services, primarily categorized as follows:

Deposit Accounts: Provides checking, savings, money market, certificates of deposit, and individual retirement accounts.
Commercial Loans: Offers financing for commercial and industrial projects, income-producing real estate, owner-occupied real estate, and construction and land development.
Consumer Loans: Delivers installment loans, real estate loans, and lines of credit for individual customers.
Treasury Management Services: Supplies services to help businesses manage their cash flow and financial operations efficiently.
Mortgage Banking Services: Includes construction financing, origination of conventional and government-insured mortgages, secondary marketing, and mortgage servicing.
Wealth Management & Trust Services: Administers personal trusts and estates, manages investment accounts, and provides financial and estate planning.
Securities Brokerage: Facilitates the buying and selling of securities for individuals and institutions.
Commercial Insurance: Provides business insurance products and group life and health plans for various industries.
Personal Insurance: Offers life and health insurance, along with personal line policies for individual customers.

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Trustmark (TRMK) provides banking and financial solutions to a broad and diverse customer base, encompassing both individuals and various types of corporate institutions and businesses. Given the nature of its services as a bank holding company, it does not typically have a concentrated list of named major customer companies. Instead, its major customers can be effectively described through the following categories:

Individual Customers: This group includes people seeking personal financial services such as checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; installment and real estate loans, and lines of credit; mortgage banking services (including conventional and government-insured mortgages); wealth management and trust services (e.g., administration of personal trusts and estates); financial and estate planning; and personal life and health insurance policies.
Corporate Institutions and General Businesses: This category encompasses a wide array of companies and organizations that utilize Trustmark for commercial and industrial project financing, income-producing commercial real estate loans, owner-occupied real estate financing, construction and land development financing, treasury management services, management of investment accounts for employee benefit plans and charitable foundations, corporate trust and institutional custody, securities brokerage, and general business insurance products.
Specific Industry Businesses: Trustmark's insurance segment specifically caters to businesses within identified sectors such as medical professionals, construction, manufacturing, hospitality, and real estate. These customers receive specialized business insurance products and services tailored to their industry needs, as well as group life and health plans for their employees.

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Duane A. Dewey, President and Chief Executive Officer

Mr. Dewey was appointed President and Chief Executive Officer of Trustmark Corporation and Trustmark National Bank effective January 1, 2021. He has a distinguished 35-year career in the financial services industry, with 17 of those years at Trustmark. Prior to his appointment as CEO, he served as President and Chief Operating Officer of Trustmark National Bank. Mr. Dewey joined Trustmark in 2003 as President of the Investment Services Division. Before joining Trustmark, he was associated with Provident Financial Group for six years, where he held various executive management assignments, including Senior Vice President and Managing Director of Provident Financial Advisors. Earlier in his career, he spent thirteen years with Bank of America, directing a Private Client Group regional office and holding positions in Corporate Banking. He holds undergraduate and graduate degrees in Finance from Louisiana State University.

Thomas C. Owens, Treasurer and Principal Financial Officer; Chief Financial Officer, Trustmark National Bank

Mr. Owens currently serves as Treasurer and Principal Financial Officer of Trustmark Corporation and Chief Financial Officer of Trustmark National Bank, a position he assumed effective March 1, 2021. He succeeded Louis E. Greer upon Mr. Greer's retirement. Prior to this role, Mr. Owens served as Executive Vice President and Bank Treasurer of Trustmark National Bank since 2013.

Granville Tate, Jr., Secretary; Chief Administrative Officer of Trustmark National Bank

Mr. Tate serves as Secretary for the Boards of Directors of Trustmark Corporation and Trustmark National Bank. He also holds the position of Chief Administrative Officer of Trustmark National Bank. He previously served as Executive Vice President, Chief Risk Officer, and General Counsel of Trustmark National Bank.

Robert Barry Harvey, Chief Credit and Operations Officer of Trustmark National Bank

Mr. Harvey holds the title of Chief Credit and Operations Officer of Trustmark National Bank.

Wayne Art Stevens, President, Retail Banking, Trustmark National Bank

Mr. Stevens is the President of Retail Banking for Trustmark National Bank.

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Key Risks to Trustmark (TRMK):

Credit Risk and Economic Downturn: Trustmark's extensive lending activities, including commercial and industrial loans, various real estate loans (commercial, owner-occupied, construction, and land development), and mortgage banking, expose the company to significant credit risk. An economic downturn could lead to increased loan defaults, higher loan loss provisions, and reduced demand for new credit, directly impacting the company's asset quality and profitability.
Interest Rate Fluctuations: As a bank holding company, Trustmark's financial performance is highly sensitive to changes in interest rates. Fluctuations in interest rates can affect the company's net interest margin (the difference between interest earned on assets and interest paid on liabilities), the volume of mortgage originations, and the value of mortgage servicing rights, thereby impacting its overall revenue and profitability.
Intense Competition and Technological Disruption: Trustmark operates in a highly competitive financial services industry, facing competition from larger national and regional banks, credit unions, and non-bank financial institutions, including fintech companies. This competition, coupled with the ongoing need to invest in technology to meet evolving customer expectations and operational efficiencies, could impact the company's ability to attract and retain customers, grow deposits, originate loans, and maintain profitability across its general banking, wealth management, and insurance segments.

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The proliferation of online-only banks and fintech companies threatens Trustmark's traditional deposit gathering, payment processing, and lending segments by offering lower fees, enhanced digital experiences, and faster services without the overhead of physical branches. Robo-advisors and commission-free online brokerage services directly compete with Trustmark's Wealth Management segment, offering low-cost, accessible investment solutions. Online mortgage lenders, specializing in fully digital mortgage origination, threaten Trustmark's Mortgage Banking segment by offering streamlined, often faster, and competitive alternatives. Finally, new insurance technology (Insurtech) companies leverage AI, data analytics, and digital platforms to offer more personalized, efficient, and often lower-cost insurance products, posing a threat to Trustmark's traditional insurance offerings.

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For Trustmark (TRMK), the addressable markets for their main products and services in the United States are as follows:

Retail Banking: The U.S. retail banking market size was valued at approximately USD 870 billion in 2025.
Commercial Banking: The U.S. commercial banking market size stood at approximately USD 732.5 billion in 2025 and is forecasted to reach USD 915.45 billion by 2030.
Wealth Management (Private Banking segment): The U.S. private banking market was valued at approximately USD 59.54 billion in 2025.
Business Insurance: The United States commercial insurance market size reached approximately USD 294.6 billion in 2024.
Life and Health Insurance:
- The United States health and medical insurance market is estimated at approximately USD 1.65 trillion in 2026.
- The life insurance market in the United States is expected to reach a projected revenue of approximately USD 848.14 billion by 2027.
Personal Lines Insurance: Direct premiums written for personal lines of business (including homeowners, farmowners, and private auto) in the U.S. hit approximately USD 534.92 billion in 2024.
Mortgage Origination: The total single-family mortgage origination volume in the U.S. is expected to increase to approximately USD 2.2 trillion in 2026.
Mortgage Servicing: null

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Trustmark Corporation (TRMK) is expected to drive future revenue growth over the next two to three years through several key strategies:

Growth in Loans and Deposits: Trustmark anticipates mid-single-digit growth in both loans held for investment and deposits for the full year 2026. This consistent expansion of its core banking business is a fundamental driver of revenue, as indicated by management's outlook.
Optimization of Net Interest Margin (NIM): The company forecasts its net interest margin to be in the range of 3.8% to 3.85% for the full year 2026, with net interest income also projected to increase by mid-single digits. Effective management of NIM, which is the difference between interest earned on assets and interest paid on liabilities, is crucial for enhancing net interest income.
Expansion of Wealth Management Services: Trustmark's wealth management business has demonstrated strong performance, with revenue reaching an all-time high and increasing significantly year-over-year in recent quarters. This segment represents a growing source of non-interest income for the company.
Strategic Talent Acquisition and Market Penetration: Trustmark is actively recruiting and adding established relationship managers and production talent to accelerate profitable growth in key markets across its franchise, including areas like Houston, Birmingham, and Atlanta. This organic growth initiative aims to deepen customer relationships and expand market share.
Improved Performance in Mortgage Banking: Despite a challenging operating environment, Trustmark's mortgage business has shown increased production and significant improvements in profitability, with mortgage banking revenue rising substantially. Continued strong execution in this area is expected to contribute to revenue growth.

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Share Repurchases

Trustmark's Board of Directors authorized a new stock repurchase program allowing for the acquisition of up to $100 million of its common shares from January 1, 2026, through December 31, 2026.
In 2025, the company repurchased $80 million, or approximately 2.2 million shares, of its common stock.
During the fourth quarter of 2025, Trustmark repurchased $43 million, or approximately 1.1 million shares, of its common stock.

Share Issuance

In late 2025, Trustmark issued $175 million of 6.00% fixed-to-floating rate subordinated notes due 2035.
The net proceeds from this offering, approximately $173.1 million, were used to repay $125 million of existing subordinated notes due 2030, with the remainder allocated for general corporate purposes.

Capital Expenditures

Trustmark Corp invested $3.5 million in capital expenditures in the fourth quarter of 2025.
The company continues to invest in technology and infrastructure to enhance efficiency and productivity.
Trustmark plans to leverage investments in technology to broaden its reach, enhance customer experience, and improve efficiency.

Interactive Breakdown

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Better Bets vs. Trustmark (TRMK)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	With Trustmark Stock Surging, Have You Considered The Downside?	10/17/2025
2	Why Trustmark Stock Moved: TRMK Stock Has Gained 55% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)	08/08/2025
3	Trustmark (TRMK) Valuation Ratios Comparison	08/08/2025
4	TRMK Dip Buy Analysis	07/10/2025
5	Time To Buy Trustmark Stock?	02/28/2025
6	Trustmark (TRMK) Operating Cash Flow Comparison	02/17/2025
7	Trustmark (TRMK) Net Income Comparison	02/16/2025
8	ARTICLES
9	Small Cap Stocks Trading At 52-Week High	02/17/2026

	Title
0	DASHBOARDS
1	With Trustmark Stock Surging, Have You Considered The Downside?
2	Why Trustmark Stock Moved: TRMK Stock Has Gained 55% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
3	Trustmark (TRMK) Valuation Ratios Comparison
4	TRMK Dip Buy Analysis
5	Time To Buy Trustmark Stock?
6	Trustmark (TRMK) Operating Cash Flow Comparison
7	Trustmark (TRMK) Net Income Comparison
8	ARTICLES
9	Small Cap Stocks Trading At 52-Week High

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MKTX_3202026_Dip_Buyer_FCFYield	03202026	MKTX	MarketAxess	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.2%	-5.2%	-5.7%
RYAN_3202026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03202026	RYAN	Ryan Specialty	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-2.7%	-2.7%	-8.5%
TRMK_12312024_Quality_Momentum_RoomToRun_10%	12312024	TRMK	Trustmark	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	7.5%	13.0%	-12.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SLNO	Soleno Therapeutics	2.8	32.3%	12.9%
AEHR	Aehr Test Systems	1.6	17.7%	158.3%
PLTK	Playtika	1.2	16.8%	-19.0%
ENVX	Enovix	1.2	13.6%	-21.3%
AMC	AMC Entertainment	0.6	12.5%	-19.2%
CAR	Avis Budget	7.5	11.6%	65.7%
PLUG	Plug Power	3.6	11.6%	36.5%
DSGN	Design Therapeutics	0.7	11.6%	33.6%
CODI	Compass Diversified	0.7	11.2%	99.0%
BOOT	Boot Barn	4.5	10.3%	-15.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
VRDN	Viridian Therapeutics	1.3	-26.2%	-55.3%
AXTI	AXT	1.9	-20.5%	156.8%
GTN-A	Gray Media	1.0	-9.7%	-12.8%
FIGS	FIGS	2.2	-8.6%	18.0%
GBX	Greenbrier Companies	1.5	-8.3%	4.1%
AESI	Atlas Energy Solutions	1.4	-8.1%	18.5%
RYAM	Rayonier Advanced Materials	0.7	-8.0%	65.9%
QDEL	QuidelOrtho	1.1	-7.9%	-44.4%
SOC	Sable Offshore	1.7	-7.7%	57.2%
SION	Sionna Therapeutics	1.7	-7.7%	-9.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
APLS	Apellis Pharmaceuticals	5.1	139.4%	61.7%
SLNO	Soleno Therapeutics	2.8	73.9%	12.9%
AEHR	Aehr Test Systems	1.6	60.4%	158.3%
FLY	Firefly Aerospace	5.6	47.0%	55.8%
CAR	Avis Budget	7.5	43.2%	65.7%
CODI	Compass Diversified	0.7	43.0%	99.0%
FNMA	Federal National Mortgage Association Fannie Mae	40.5	41.9%	-35.7%
TH	Target Hospitality	1.4	41.7%	70.0%
SGML	Sigma Lithium	1.6	38.7%	10.0%
FMCC	Federal Home Loan Mortgage	19.5	37.7%	-40.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VRDN	Viridian Therapeutics	1.3	-49.3%	-55.3%
AXTI	AXT	1.9	-30.7%	156.8%
TE	T1 Energy	0.7	-29.7%	-39.4%
ORIC	ORIC Pharmaceuticals	0.9	-26.1%	8.9%
SOC	Sable Offshore	1.7	-23.1%	57.2%
CRK	Comstock Resources	5.6	-17.4%	-16.5%
FRMI	Fermi	3.0	-17.0%	-35.9%
GTN-A	Gray Media	1.0	-16.9%	-12.8%
PHR	Phreesia	0.5	-16.7%	-45.9%
BTU	Peabody Energy	4.0	-16.4%	11.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SATL	Satellogic	0.9	120.3%	277.0%
CAR	Avis Budget	7.5	119.1%	65.7%
APLS	Apellis Pharmaceuticals	5.1	101.6%	61.7%
LWLG	Lightwave Logic	1.1	79.3%	142.9%
TH	Target Hospitality	1.4	72.2%	70.0%
CBIO	Crescent Biopharma	0.6	71.1%	63.4%
FLY	Firefly Aerospace	5.6	71.0%	55.8%
ORKA	Oruka Therapeutics	3.1	69.9%	86.0%
DAWN	Day One Biopharmaceuticals	2.2	67.9%	130.3%
KODK	Eastman Kodak	1.1	66.5%	35.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
VRDN	Viridian Therapeutics	1.3	-51.9%	-55.3%
WVE	WAVE Life Sciences	1.3	-46.3%	-58.3%
BUR	Burford Capital	1.0	-45.8%	-49.8%
ADMA	ADMA Biologics	2.2	-40.9%	-49.1%
TE	T1 Energy	0.7	-40.5%	-39.4%
LMRI	Lumexa Imaging	0.8	-40.4%	-51.7%
FRMI	Fermi	3.0	-40.2%	-35.9%
BOBS	Bobs Discount Furniture	1.5	-37.6%	-32.9%
MAZE	Maze Therapeutics	1.3	-36.0%	-30.0%
ORIC	ORIC Pharmaceuticals	0.9	-35.7%	8.9%

Peer Comparisons

Peers to compare with:

Financials

	TRMK	RF	HWC	PNFP	FHN	RNST	Median
Name	Trustmark	Regions .	Hancock .	Pinnacle.	First Ho.	Renasant
Mkt Price	43.09	26.74	65.05	88.23	23.28	37.50	40.30
Mkt Cap	2.6	23.4	5.4	6.8	11.4	3.5	6.1
Rev LTM	687	7,526	1,509	1,739	3,324	986	1,624
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	224	2,151	523	1,048	595	238	559
FCF 3Y Avg	153	1,918	536	624	1,027	152	580
CFO LTM	244	2,181	542	1,143	628	271	585
CFO 3Y Avg	186	2,029	554	710	1,065	175	632

Growth & Margins

	TRMK	RF	HWC	PNFP	FHN	RNST	Median
Name	Trustmark	Regions .	Hancock .	Pinnacle.	First Ho.	Renasant
Rev Chg LTM	50.7%	6.3%	4.9%	22.2%	7.4%	48.8%	14.8%
Rev Chg 3Y Avg	12.9%	1.8%	3.1%	12.4%	2.2%	18.0%	7.8%
Rev Chg Q	3.9%	5.8%	6.7%	13.5%	22.8%	66.7%	10.1%
QoQ Delta Rev Chg LTM	1.0%	1.4%	1.6%	3.3%	5.1%	12.7%	2.5%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	35.5%	29.0%	35.9%	65.7%	18.9%	27.5%	32.3%
CFO/Rev 3Y Avg	31.3%	27.3%	38.5%	45.1%	33.7%	22.4%	32.5%
FCF/Rev LTM	32.6%	28.6%	34.7%	60.3%	17.9%	24.1%	30.6%
FCF/Rev 3Y Avg	25.5%	25.8%	37.3%	39.4%	32.5%	19.4%	29.2%

Valuation

	TRMK	RF	HWC	PNFP	FHN	RNST	Median
Name	Trustmark	Regions .	Hancock .	Pinnacle.	First Ho.	Renasant
Mkt Cap	2.6	23.4	5.4	6.8	11.4	3.5	6.1
P/S	3.7	3.1	3.6	3.9	3.4	3.6	3.6
P/EBIT	-	-	-	-	-	-	-
P/E	11.5	10.8	11.1	10.9	11.6	19.6	11.3
P/CFO	10.5	10.7	10.0	5.9	18.2	13.1	10.6
Total Yield	11.0%	13.1%	10.4%	10.3%	11.4%	7.3%	10.7%
Dividend Yield	2.3%	3.9%	1.4%	1.1%	2.7%	2.2%	2.2%
FCF Yield 3Y Avg	7.5%	9.3%	11.4%	9.3%	10.8%	6.0%	9.3%
D/E	0.2	0.2	0.2	0.3	0.1	0.3	0.2
Net D/E	-0.7	-1.3	0.1	-0.6	-0.6	-0.6	-0.6

Returns

	TRMK	RF	HWC	PNFP	FHN	RNST	Median
Name	Trustmark	Regions .	Hancock .	Pinnacle.	First Ho.	Renasant
1M Rtn	2.5%	-1.1%	3.5%	-0.4%	2.8%	1.9%	2.2%
3M Rtn	8.1%	-4.5%	-1.2%	-8.5%	-4.5%	4.4%	-2.9%
6M Rtn	9.5%	5.5%	4.6%	-6.8%	2.4%	1.8%	3.5%
12M Rtn	43.3%	49.4%	45.6%	-6.8%	47.7%	30.9%	44.4%
3Y Rtn	95.9%	66.9%	94.0%	-6.8%	46.9%	36.1%	56.9%
1M Excs Rtn	3.9%	-0.4%	3.4%	0.6%	3.4%	3.1%	3.2%
3M Excs Rtn	14.5%	1.6%	5.3%	-3.2%	0.8%	10.3%	3.4%
6M Excs Rtn	13.2%	5.7%	7.9%	-5.2%	6.6%	5.8%	6.2%
12M Excs Rtn	11.1%	10.0%	10.0%	-23.4%	5.3%	-3.2%	7.6%
3Y Excs Rtn	23.2%	0.1%	33.8%	-70.9%	-15.9%	-33.8%	-7.9%

FDIC Bank Data

Bank Capital

FDIC Data As Of	3312020
CAPITAL
Equity Total Capital ($ Bil)	2
Tier 1 (Core) Capital ($ Bil)	1
ASSETS
Total Assets ($ Bil)	14
Adjusted Average Assets ($ Bil)	13
Risk Weighted Assets Adjusted ($ Bil)	11
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	9.5%
Tier 1 Capital / Adjusted Avg Assets Ratio	10.1%
Tier 1 Capital / Risk Wtd Assets Ratio	11.7%

Bank Deposits

FDIC Data As Of	3312020
DEPOSITS
Total Deposits ($ Bil)	12
Uninsured Deposits ($ Bil)	4
Uninsured Deposits Ratio %	37.4%

Bank Assets

FDIC Data As Of	3312020
ASSETS
Cash Balance ($ Bil)	0
Securities ($ Bil)	3
Net Loans ($ Bil)	10
Trading Assets ($ Bil)	0
Bank Premises Assets ($ Bil)	0
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	0
Other Assets ($ Bil)	1
Total Assets (Sum) ($ Bil)	14
Total Assets (Reported) ($ Bil)	14
Risk Weighted Assets ($ Bil)	11
SECURITIES DETAILS
US Govt Securities ($ Bil)	2
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	3
Mortgage-Backed Securities ($ Bil)	2
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	1
Securities Available for Sale (Fair Market) ($ Bil)	2

Bank Loans

FDIC Data As Of	3312020
LOAN DETAILS
All Real Estate Loans ($ Bil)	7
Farm Loans ($ Bil)	0
Commercial and Industrial Loans ($ Bil)	1
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	0
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	0
Commercial Real Estate Owner-Occupied ($ Bil)	1
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)	1
Total Net Loans ($ Bil)	10

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/23/2026	2/23/2026	2/19/2025	2/15/2024	2/16/2023	2/17/2022	2/18/2021
Key Financials
Total Revenue	687	687	455	590	536	544	608
Net Income	224	224	223	165	72	147	160
EPS	3.71	3.72	3.65	2.71	1.17	2.35	2.52
Growth Rates
Total Revenue Growth	50.7%	50.7%	-22.9%	10.1%	-1.4%	-10.6%	13.6%
Net Income Growth	0.5%	0.5%	34.8%	130.2%	-51.2%	-7.9%	6.4%
Margins
Net Income Margin	32.6%	32.6%	49.0%	28.0%	13.4%	27.1%	26.3%
Cash & Debt
Total Cash	2,300	2,300	2,260	2,738	2,759	5,506	3,944
Total Debt	499	499	428	629	1,204	228	244
Net Debt / (Cash)	-1,802	-1,802	-1,832	-2,109	-1,555	-5,278	-3,700
Cash Flows
Net Cash from Operations	244	244	117	197	297	349	65
Free Cash from Operations	224	224	88	148	263	318	35
Returns to Shareholders
Dividends	58	58	57	57	57	58	59
Share Repurchases	83	83	9	1	26	62	29

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/23/2026	11/5/2025	8/5/2025	5/6/2025	2/19/2025	11/5/2024	8/6/2024	5/7/2024	2/15/2024	11/7/2023	8/7/2023	5/8/2023
Key Financials Quarterly
Total Revenue	176	173	170	168	169	166	-26	147	146	147	149	163
Net Income	58	57	56	54	56	51	74	42	36	34	45	50
EPS	0.97	0.94	0.92	0.88	0.92	0.84	1.21	0.68	0.59	0.56	0.74	0.82
Key Financials TTM
Total Revenue TTM	687	680	673	477	455	432	413	588	604	570	583	573
Net Income TTM	224	223	217	235	223	203	186	157	165	95	104	93
Growth Rates Quarterly
Total Revenue Growth	3.9%	4.2%	754.0%	14.4%	16.3%	12.8%	-117.5%	-10.0%	31.2%	-8.5%	7.3%	29.4%
Net Income Growth	2.8%	10.6%	-24.4%	29.1%	55.9%	50.8%	63.9%	-17.4%	206.0%	-19.8%	31.4%	72.2%
Margins Quarterly
Net Income Margin	32.9%	32.9%	32.8%	32.0%	33.3%	31.0%	-	28.3%	24.8%	23.2%	30.3%	30.9%
Cash & Debt
Total Cash	2,300	2,304	668	620	2,260	2,531	2,444	2,309	2,738	2,517	2,704	3,281
Total Debt	499	431	782	628	428	669	563	708	629	1,021	1,283	1,708
Net Debt / (Cash)	-1,802	-1,873	114	8	-1,832	-1,863	-1,881	-1,601	-2,109	-1,495	-1,421	-1,573
Cash Flows Quarterly
FCF from Operations	58	66	38	82	99	60	17	-59	64	106	24	3
Cash Flows TTM
FCF from Operations TTM	244	286	279	258	117	82	129	136	197	201	172	237
Returns to Shareholders Quarterly
Dividends	15	15	15	15	14	14	14	14	14	14	14	14
Share Repurchases	43	14	11	15	8	1	-0	-0	0	0	0	1
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	97.4%	186.6%	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	94.7%	47.3%	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
General Banking	518	660	606	551	618
Wealth Management	43	41	40	41	38
Insurance			54	49	45
Total	561	701	700	640	701

Net Income by Segment

$ Mil	2025	2024	2023	2022	2021
General Banking	37	145	55	131	146
Wealth Management	8	8	6	7	6
Insurance			11	9	9
Total	45	153	72	147	160

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
General Banking	17,938	18,469	17,711	17,275	16,226
Wealth Management	214	185	214	233	242
Assets of discontinued operations		68
Insurance			90	87	83
Total	18,152	18,722	18,015	17,596	16,552

Price Behavior

Price Behavior

Market Price	$43.09
Market Cap ($ Bil)	2.6
First Trading Date	03/03/1992
Distance from 52W High	-3.3%
	50 Days	200 Days
DMA Price	$42.55	$39.47
DMA Trend	up	up
Distance from DMA	1.3%	9.2%
	3M	1YR
Volatility	24.8%	25.0%
Downside Capture	0.20	0.45
Upside Capture	102.93	93.76
Correlation (SPY)	42.7%	57.3%

TRMK Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.55	0.67	0.88	0.92	0.85	1.01
Up Beta	0.41	0.84	1.90	1.30	0.75	1.03
Down Beta	0.29	0.03	0.59	1.03	0.96	1.00
Up Capture	99%	115%	117%	90%	90%	110%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	9	21	34	62	125	363
Down Capture	50%	66%	55%	71%	87%	99%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	13	21	29	64	127	382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TRMK
TRMK	27.8%	26.3%	0.90	-
Sector ETF (XLF)	0.5%	19.2%	-0.10	71.8%
Equity (SPY)	15.3%	19.0%	0.64	60.8%
Gold (GLD)	49.6%	28.0%	1.44	-3.7%
Commodities (DBC)	15.5%	17.7%	0.74	17.1%
Real Estate (VNQ)	3.1%	16.5%	0.01	52.7%
Bitcoin (BTCUSD)	-19.0%	44.0%	-0.35	32.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TRMK
TRMK	8.2%	29.4%	0.30	-
Sector ETF (XLF)	9.7%	18.7%	0.40	64.0%
Equity (SPY)	11.7%	17.0%	0.53	48.8%
Gold (GLD)	21.8%	17.8%	1.01	-2.3%
Commodities (DBC)	11.6%	18.8%	0.50	11.9%
Real Estate (VNQ)	3.4%	18.8%	0.09	46.2%
Bitcoin (BTCUSD)	3.0%	56.5%	0.27	18.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with TRMK
TRMK	9.8%	30.6%	0.37	-
Sector ETF (XLF)	12.7%	22.2%	0.53	73.0%
Equity (SPY)	14.0%	17.9%	0.67	55.4%
Gold (GLD)	14.0%	15.9%	0.73	-8.6%
Commodities (DBC)	8.4%	17.6%	0.39	19.2%
Real Estate (VNQ)	5.1%	20.7%	0.21	48.3%
Bitcoin (BTCUSD)	65.9%	66.9%	1.05	14.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3132026
Short Interest: Shares Quantity	2.2 Mil
Short Interest: % Change Since 2282026	49.1%
Average Daily Volume	0.4 Mil
Days-to-Cover Short Interest	5.0 days
Basic Shares Quantity	59.7 Mil
Short % of Basic Shares	3.7%

Returns Analyses

	Title
0	With Trustmark Stock Surging, Have You Considered The Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/27/2026	2.4%	5.4%	8.8%
10/28/2025	-1.9%	-3.2%	1.0%
7/22/2025	-1.0%	-2.3%	-0.5%
4/22/2025	0.2%	0.9%	3.3%
1/28/2025	2.4%	3.5%	-0.5%
10/22/2024	-0.2%	1.7%	9.2%
7/23/2024	-2.4%	1.3%	-8.3%
4/23/2024	6.6%	7.4%	9.7%
...
SUMMARY STATS
# Positive	11	11	12
# Negative	13	13	12
Median Positive	3.5%	3.5%	7.5%
Median Negative	-2.4%	-3.0%	-2.7%
Max Positive	8.1%	10.7%	12.1%
Max Negative	-13.5%	-11.8%	-8.8%

	Forward Returns
1/27/2026	2.4%	5.4%	8.8%
10/28/2025	-1.9%	-3.2%	1.0%
7/22/2025	-1.0%	-2.3%	-0.5%
4/22/2025	0.2%	0.9%	3.3%
1/28/2025	2.4%	3.5%	-0.5%
10/22/2024	-0.2%	1.7%	9.2%
7/23/2024	-2.4%	1.3%	-8.3%
4/23/2024	6.6%	7.4%	9.7%
1/23/2024	-1.3%	0.9%	-4.1%
10/24/2023	-5.7%	-1.2%	11.8%
7/25/2023	8.1%	10.7%	-1.2%
4/25/2023	3.5%	-3.0%	-5.6%
1/24/2023	-13.5%	-11.8%	-8.8%
10/25/2022	0.7%	7.2%	6.5%
7/26/2022	3.6%	5.7%	6.2%
4/26/2022	0.0%	-2.0%	-0.5%
1/25/2022	-3.2%	-3.1%	-7.9%
10/26/2021	-7.5%	-2.6%	-1.3%
7/27/2021	-2.1%	-3.7%	8.4%
4/27/2021	-1.6%	-1.1%	-0.1%
1/26/2021	-5.8%	-7.3%	3.5%
10/27/2020	-2.6%	2.8%	12.1%
7/28/2020	4.8%	-0.7%	4.4%
4/28/2020	5.3%	-7.4%	-5.6%
SUMMARY STATS
# Positive	11	11	12
# Negative	13	13	12
Median Positive	3.5%	3.5%	7.5%
Median Negative	-2.4%	-3.0%	-2.7%
Max Positive	8.1%	10.7%	12.1%
Max Negative	-13.5%	-11.8%	-8.8%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/23/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/05/2025	10-Q
03/31/2025	05/06/2025	10-Q
12/31/2024	02/19/2025	10-K
09/30/2024	11/05/2024	10-Q
06/30/2024	08/06/2024	10-Q
03/31/2024	05/07/2024	10-Q
12/31/2023	02/15/2024	10-K
09/30/2023	11/07/2023	10-Q
06/30/2023	08/07/2023	10-Q
03/31/2023	05/08/2023	10-Q
12/31/2022	02/16/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/04/2022	10-Q
03/31/2022	05/05/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/27/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Share Repurchases		100.00 Mil		0		Same New	Actual: 100.00 Mil for 2025

Prior: Q3 2025 Earnings Reported 10/28/2025

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Insider Activity

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#	Owner	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Conerly, Tracy T	Direct	Sell	11052025	37.22	8,000	297,720	499,463	Form
2	Host, Gerard R	EHS Trust	Sell	8272025	40.63	389			Form
3	Host, Gerard R	RGS Trust	Sell	8272025	40.63	389			Form
4	Host, Gerard R	NKH Trust	Sell	8272025	40.63	389			Form
5	Host, Gerard R	MRH Trust	Sell	8272025	40.63	389			Form

TRMK Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing TRMK?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What TRMK Makes & Who Pays

TTM figures based on

TRMK Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Financials Resources

Federal Reserve Economic Data

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Trustmark (TRMK)

Market Price (4/7/2026): $43.08 | Market Cap: $2.6 BilSector: Financials | Industry: Regional Banks

Trustmark (TRMK)

Market Price (4/7/2026): $43.08Market Cap: $2.6 BilSector: FinancialsIndustry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

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About Trustmark (TRMK)

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Bank Loans

FDA Approved Drugs Data

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Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Recent Forward Guidance [BETA]

Insider Activity

TRMK Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

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Diversification Alternatives

Repricing Catalyst

Industry Resources

External Quote Links

Market Price (4/7/2026): $43.08 | Market Cap: $2.6 Bil
Sector: Financials | Industry: Regional Banks

Market Price (4/7/2026): $43.08
Market Cap: $2.6 Bil
Sector: Financials
Industry: Regional Banks